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2 trades on EU in morning session. Starting to gain confidence in what im doing, now taking aggressive entries on rat trades.

First Trade i knew coming to heavy support area i wanted to see a strong 15min bar, with chance run down to 4hr zline just below, never happened took what i could get. Aggressive control of S/L on this trade.

Second trade, simple run to 4hr zline.

BB

There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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I think what Mo is saying is that if you are trading for position like he does rather than scalping and positioning from the long term pointy place, price has already fallen too far to go short on the basis of the amount of space he's using - it's too expensive - too much space is required. - He's drawn the 2 fibs showing lot sizes he can buy/sell from his positions- and price had fallen past the red to the green meaning he could only buy at those prices and/or liquidate some of his already short positions if he was already short.

Is that right Mo?

Last edited by newscalper on Thu Nov 01, 2012 4:00 pm, edited 3 times in total.